Mumbai: The rupee appreciated 40 paise to 87.68 against the US dollar in early trade on Thursday, primarily driven by central bank intervention, a softer dollar index. Forex traders said other supportive factors like positive domestic equities, lower crude oil prices, and renewed foreign fund inflows also boosted investor sentiments. At the interbank foreign exchange…
Moscow: India is mainly paying in roubles for Russian oil, but has started payments in the Chinese currency yuan, Russia’s Deputy Prime Minister Alexander Novak said on Wednesday. “I am aware that such payments have started. I believe the percentage is small at present because payments are largely made in roubles,” Novak was quoted as…
New Delhi: China has filed a complaint against India in the World Trade Organization (WTO) over New Delhi’s subsidies for electric vehicles (EVs) and batteries. Commerce Secretary Rajesh Agrawal said that the ministry will look at the detailed submissions made by China. Confirming the move, an official said that China has also filed similar applications…
New Delhi: India, the world’s third-largest oil consumer, spent 2.5 billion euro on buying crude oil from Russia in September, 14 per cent less than the previous month, a European think tank said. India remained the second-largest buyer of Russian fossil fuels in September behind China, according to the Centre for Research on Energy and…
New Delhi: India’s vegetable oil imports jumped 51 per cent to 16.39 lakh tonnes in September from a year earlier, driven by a surge in crude palm oil shipments, while refined oil imports dropped to zero for the first time since 2021, an industry body said on Wednesday. Total vegetable oil imports, comprising both edible…
New Delhi: International Monetary Fund (IMF) on Tuesday revised upwards India’s GDP growth forecast for the current fiscal to 6.6 per cent compared to its earlier estimate of 6.4 per cent on the back of strong growth, offsetting the impact of US tariffs on Indian shipments. In its latest World Economic Outlook (WEO), the multilateral…
New Delhi: Gold prices rallied by Rs 1,950 to hit a fresh peak of Rs 1,27,950 per 10 grams in the national capital on Monday, driven by safe-haven demand amid renewed US-China trade tensions. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,26,000 per…
Karachi: The Pakistan Stock Exchange crashed on Monday in the wake of military action in Afghanistan and countrywide protests by an extremist religious party, creating uncertainty among investors. The KSE-100 index plunged nearly 3,000 points at the opening, falling to 160,126 from Friday’s close of 163,000, with the downward trend persisting through the afternoon. Financial…
New Delhi: The Enforcement Directorate (ED) has arrested an executive of businessman Anil Ambani’s Reliance Group under the anti-money laundering law, official sources said on Saturday. Ashok Pal, Chief Financial Officer (CFO) of Reliance Power, was taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) on Friday, they said. The…
St Petersburg: Baltika Breweries LLC is looking into the possibility of exporting to India, starting with the cities of Maharashtra and Delhi. “India’s exclusive importer of Baltika is preparing to be able to offer the company’s products to Indian consumers in 2026. It is too early to talk about regular supplies for the moment. The…
